As terrorist attacks, threats of regional and global pandemics and fraud increasingly shape life on earth, banks and other financial institutions have never needed to more proactive in how they manage risk. The theme of catastrophic risk was tackled by a panel of risk experts working at banks and SWIFT, sharing their experience in risk mitigation and discussing steps that financial institutions need to take to function in the face of adversity.
Like other sessions at Sibos 2006, this 90-minute panel relied extensively on audience participation, with electronic voting machines placed on each table to gauge responses to various questions relating to risk preparedness.
The first question posed to the audience asked what kind...
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